STOCK TITAN

W&T Offshore Inc (NYSE: WTI) director sells 60,000 shares to cover taxes

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

W&T Offshore director Daniel O. Conwill IV reported an open-market sale of 60,000 shares of common stock on 2026-07-16 at $3.41 per share. According to the disclosure, the shares were sold to pay taxes upon the vesting of restricted stock units. Following this transaction, he holds 191,076 shares directly.

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Insider Conwill Daniel O. IV
Role Director
Sold 60,000 shs ($205K)
Type Security Shares Price Value
Sale Common Stock 60,000 $3.41 $205K
Holdings After Transaction: Common Stock — 191,076 shares (Direct)
Footnotes (1)
  1. [object Object]
Shares sold 60,000 shares Open-market sale of common stock on 2026-07-16
Sale price per share $3.41 Average price for the 60,000-share sale
Shares held after transaction 191,076 shares Director’s direct holdings following the sale
Net shares sold 60,000 shares Net-sell direction reported in transaction summary
open-market sale financial
"The transaction was an open-market sale at $3.41 per share"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
restricted stock units financial
"sold to pay taxes upon the vesting of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
direct ownership financial
"post-transaction balance reflects his remaining direct ownership"
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FAQ

What insider transaction did W&T Offshore (WTI) disclose for Daniel O. Conwill IV?

W&T Offshore reported that director Daniel O. Conwill IV sold 60,000 common shares on 2026-07-16. The transaction was an open-market sale at $3.41 per share, carried out to cover tax obligations from vested restricted stock units.

How many W&T Offshore (WTI) shares did the director sell and at what price?

Director Daniel O. Conwill IV sold 60,000 shares of W&T Offshore common stock at an average price of $3.41 per share. The filing describes this as an open-market sale used to pay taxes on newly vested restricted stock units.

How many W&T Offshore (WTI) shares does Daniel O. Conwill IV hold after the sale?

After the reported transaction, Daniel O. Conwill IV directly holds 191,076 shares of W&T Offshore common stock. This post-transaction balance reflects his remaining direct ownership following the 60,000-share tax-related sale on 2026-07-16.

Why were the W&T Offshore (WTI) shares sold by Daniel O. Conwill IV?

The shares were sold to pay taxes triggered by the vesting of restricted stock units. The footnote specifies that the 60,000-share open-market sale was related to tax obligations, rather than described as a standalone discretionary sale for liquidity.

Was the W&T Offshore (WTI) transaction a buy or a sell by the director?

The transaction was a sale. Daniel O. Conwill IV executed an open-market sale of 60,000 shares at $3.41 each. The accompanying footnote explains that this disposition was conducted to satisfy tax liabilities from the vesting of restricted stock units.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Conwill Daniel O. IV

(Last)(First)(Middle)
5718 WESTHEIMER RD, SUITE 700

(Street)
HOUSTON TEXAS 77057

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
W&T OFFSHORE INC [ WTI ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/16/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock07/16/2026S(1)60,000D$3.41191,076D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Shares were sold to pay taxes upon the vesting of restricted stock units.
/s/ George J. Hittner, as attorney-in-fact07/16/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)